Global

JUPITER is to convert its £13.5m North American fund to an income vehicle, giving it yield-generating products covering all developed regions.

ASHBURTON has boosted the European equity weightings across its funds by 3pc, buoyed by the strength of the market in uncertain times.

UNITHOLDERS in The Partners fund will be able to transfer tax free into Nils Taube's new S&W Taube Global fund.

THREADNEEDLE Investments has strengthened its Far East and Asian equity range by launching the Threadneedle China Opportunities fund.

UBS is to launch a US large cap fund for Tom Digenan using the hedge fund-like 130/30 technique, Professional Adviser has learned.

GOLDMAN Sachs Asset Management (GSAM) has expanded its Flex fund range with the addition of a Japan fund.

F&C has hired former Royal London Asset Management (RLAM) fund manager Stefan Bain as director of Japanese equities.

ALED Smith is to take on the £270m M&G Asian fund, assuming management responsibilities from Hong Kong-based Neil Mackay.

SCHRODER is the latest fund house to go global in the search for income with a new fund launch.

T. ROWE Price is planning to expand its Luxembourg-domiciled SICAV range with the addition of two new funds.